All Forum Posts by: Melissa N.

@Ginobarbaro thank you. I'll definitely look into that. Looks like exactly  what we would need.

Thanks! Sounds like you got a good deal. 

Congrats!!!

Hello everyone, 

We are looking at a place in SC and the landlord is currently paying all utilities (ouch!). The meters are not separated but I was wondering if there are any rules in SC regarding charging back for electric, heat, and water? We would not look to make any additional money off this - just simply pass the bill along. 

Thanks,

Melissa

Hello BP Family!

I am looking at a 9 unit in Columbia in what looks to me like the Old Shanon area/Forest Hills. It's near Kirby street. Is this a good location? 

Is it common for the owner to pay electric/water in the area? Any idea what the prevailing Cap Rate is in the area or types of renters? Is it mostly students? 

Is this the one on Dundee? If not, PM me! 

Hello everyone!!

We are looking for a small apartment building (min 5 units). Any commercial agents in the Charlotte area?

@henryshungu welcome to BP. I'm here as well (to BP and trying to get into multifamilies) these forums have so much information. Everyone had been amazing. Welcome and good luck!

Thank you very much. Yea, I'm trying not to mess this up too bad :) 

@Troy Gravett Thank you as well! When buying places do you guys 'add in' any value for the price you can when it's in better shape (you raise rents and do repairs?). I feel like everything we've looked at doesn't cash flow. Am I in the wrong area! Or do I need to start looking at the 'end game' when it's operating more effectively and I can sell it for 100k more. 

@Nicholas White - I did forget vacancy! See I'm just trying to make this work! I'll up the main/repairs too. Do you usually add in reserves?